Economy
PM’s State Visit: Dhaka, Delhi eye signing dozen of instruments; new initiatives to strengthen cooperation
Bangladesh and India are likely to sign over a dozen of bilateral instruments with some new initiatives by identifying new areas of cooperation during Prime Minister Sheikh Hasina’s state visit to India on 21-22 June, officials have said.
The two-day state visit is taking place at the invitation of Indian Prime Minister Narendra Modi that might carry some directives giving a picture of greater cooperation between the two countries in the future, they said.
This will be the first full-fledged bilateral visit by any head of government to India after the Bharatiya Janata Party (BJP) formed its government for the third consecutive term.
This will be Hasina’s second trip to the Indian capital in less than 15 days. She was among the dignitaries invited to Modi’s swearing-in ceremony on 9 June.
Though it is unlikely to see any breakthrough on Teesta water sharing deal specifically at this moment, the issue will come up for discussion in addition to a likely discussion on broader Teesta and relevant projects on development and management, a senior official told UNB on Tuesday.
Earlier on 9 May, India reportedly expressed interest to finance Bangladesh’s Teesta project which is known as “Teesta River Comprehensive Management and Restoration Project”.
“You know, we have taken a big project on Teesta. India wants to finance this project. It will have to be implemented in line with our needs. We want to see our needs fulfilled,” Foreign Minister Hasan Mahmud told reporters after his meeting with Indian Foreign Secretary Vinay Mohan Kwatra at the Ministry of Foreign Affairs on 9 May.
The renewal of the Ganges Water Sharing Treaty will also come up for discussion, officials said.
Earlier in 2022, the two leaders welcomed the formation of a Joint Technical Committee to conduct a study for optimum utilisation of water received by Bangladesh under the provisions of Ganges Water Sharing Treaty.
Foreign Secretary Masud Bin Momen recently said the two countries are scheduled to sign a number of MoUs and agreements and there is an issue of making some announcements on some areas of cooperation.
“There will be continuity of the relations, and we expect to see some new initiatives in our relations,” he told reporters on the sidelines of a reception recently.
Former State Minister for Foreign Affairs Md Shahriar Alam said they would take the Bangladesh-India relations to a new height in the next five years as there are new governments in place in the two neighbouring countries with continuity amid new mandate.
“There will be a stock-taking on what we left in September 2022 and we will take the relations to a new height in the next five years,” he said on Friday, noting that the expectations and aspirations are sky-high.
Recalling earlier discussions, Prime Minister Sheikh Hasina, during her state visit to India in September 2022, reiterated Bangladesh’s long pending request for concluding the interim agreement on the sharing of the waters of the Teesta River, the draft of which was finalised in 2011.
Referring to Land Boundary Agreement – LBA – and resolving maritime dispute with India, Shahriar said the countries would gradually be able to resolve the unresolved issues as complex issues had been resolved.
He said there was a 33-point joint statement issued during the state visit of prime minister of Bangladesh to India in September 2022 where issues like Comprehensive Economic Partnership Agreement (CEPA), energy cooperation, people to people contacts, broader connectivity and others were mentioned.
Shahriar said the upcoming visit of the prime minister will help advance the relations on those areas.
He hoped that the next meeting of the Joint Rivers Commission (JRC) will be held soon, noting that the 38th meeting of the JRC was held in New Delhi in August, 2022 wherein various matters pertaining to cooperation in water resources sector were discussed.
Joint Rivers Commission (JRC) has been functioning since 1972. It was established with a view to maintain liaison in order to ensure the most effective joint effort in maximising the benefits from common river systems. The JRC is headed by water resources ministers of both the countries.
Sources in the Foreign Ministry indicate that key issues on the agenda include cross-border connectivity initiatives, Indian investments in the Teesta special economic zone, management of Mongla port, and power trade.
Additionally, discussions on a potential trade pact are expected.
Over the past decade, numerous cross-border initiatives have been launched as part of a robust regional partnership plan.
The Modi-Hasina summit on 22 June might also focus on enhancing the defence partnership between the two nations.
This visit marks Sheikh Hasina’s third trip to New Delhi since September 2023, underscoring the strengthening ties between India and Bangladesh.
Bangladesh says India is a friendly country and Bangladesh does not compare the Dhaka-Delhi relations with anyone else. “India stood beside us during the War of Liberation in 1971. Our relationship with India is multifaceted. We share borders with India. We are supportive of each other,” Hasan Mahmud said.
PM’s engagements in New Delhi
A flight from Biman Bangladesh Airlines carrying PMHasina and her entourage will depart Hazrat Shahjalal International Airport on Friday at about 2pm, according to the sources in the Foreign Ministry.
The flight will land at Palam Airport, New Delhi at about 4pm (Delhi time) where high-level dignitary of India and Bangladesh High Commissioner to India Md Mustafizur Rahman will welcome her.
In the evening, Minister of External Affairs of India S Jaishankar will call on her at the Meeting Room of her Place of Residence, Hotel Taj Palace.
On Saturday morning, a red carpet will be rolled out at Rashtrapati Bhavan to receive Prime Minister Sheikh Hasina by her Indian counterpart through a ceremonial reception where the National Anthems of Bangladesh and India will be played. She will also inspect the Guard of Honour.
After that, she will go to Raj Ghat to pay tribute to the father of the Indian Nation Mahatma Gandhi by placing a wreath at his Samadhi. She will also sign the visitor’s book there.
Later on the same day, Sheikh Hasina will go to Hyderabad House to hold a tete-a-tete with Prime Minister Narendra Modi followed by delegation- level talks.
Both will witness the signing ceremony of the MoU and agreements.
After that, both the prime ministers will give their press statements. Then they will attend a Banquet Luncheon hosted by the Prime Minister of India in honour of the Prime Minister of Bangladesh at Hyderabad House.
In the afternoon, Hasina will call on the Vice President of India Jagdeep Dhankhar at his Secretariat.
In the evening Sheikh Hasina will call on the President of India Droupadi Murmu at Rashtrapati Bhavan.
At 6 pm (Delhi time), the prime minister will depart from Palam Airport, New Delhi by a flight of Biman Bangladesh Airlines and will land in Dhaka at about 9pm.
Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.
Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.
Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.
Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.
During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”
Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.
Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.
Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.
Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.
“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.
The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.
Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.
She also announced plans to make the government secretariat a plastic-free zone by December.
Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.
Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.
